Examlex
A diner can sue a restaurant when the server neglected to prepare the meal correctly.
Fair Market Value
The price at which property would sell for on the open market between a willing buyer and a willing seller, both having reasonable knowledge of all relevant facts.
Corporate Opportunity
A business opportunity that a company must offer to its shareholders or members before taking it for personal gain.
Duty of Disclosure
The legal obligation to reveal all material facts or information relevant to a transaction or decision-making process.
Duty of Care
A legal requirement that demands individuals or organizations to exercise a reasonable degree of attention and caution to avoid negligence that could harm others.
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